---
sourceDocument: Australia Governance, Risk, and Compliance
sourceDocumentLink: https://servicenow-prod.fluidtopics.net/r/governance-risk-compliance

 Release :

    - australia

ft:locale :

    - en-US

ft:publication_title :

    - Australia Governance, Risk, and Compliance

ft:clusterId :

    - grc

bundleId :

    - grc

workflow :

    - Technology


---

# Create a risk framework in the Risk Workspace

# Create a risk framework in the Risk Workspace {#ariaid-title1}

* Release version: Australia
* 
* Updated March 12, 2026
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

Create risk frameworks to group risk statements into manageable categories and
generate risks. After the risks are generated, you can identify methods to mitigate
them.

## Before you begin

Role required: sn_risk.manager

## Procedure

1. Navigate to AllRiskRisk WorkspaceLibraryRisk frameworks.
2. Click New.
3. On the form, fill in the fields.  
   {#create-risk-framework__table_FloorForm__entry__2}

   | Field | Description |
   |-|-|
   | Number | Unique identification number. |
   | Active | Option to indicate whether the risk framework is active. Note: If a risk framework is made inactive or retired, all the associate risk statements and risk records are also deactivated. |
   | Name | Name of the risk framework. |
   | Description | Description of the risk framework. |
   | Additional information | Additional information for this risk framework. |
   [Table 1. Risk Framework form]

   {#create-risk-framework__table_FloorForm}
4. Click Save.
5. To add entities from entity types, click the Entity types related list.
   1. Click Add.
   2. Select the entity types.
   3. Click Add.
   {#create-risk-framework__substeps_bwp_43y_qpb}
6. To add risk statements, click the Risk Statements related list and do one of the following.

   | Choice | Steps |
   | To add an existing risk statement | 1. Click Add 2. Select the risk statement. 3. Click Add. {#create-risk-framework__ol_bzb_djy_qpb} |
   | To create a risk statement | 1. Click New. 2. Select the risk statement and fill in the form. For more information, see [Create a risk statement in the Risk Workspace](https://servicenow-prod.fluidtopics.net/qjDMBQ_eD3uGIQ0ag2EPpA "Create risk statements to group risks into manageable categories."). 3. Click Add. {#create-risk-framework__ol_ith_cjy_qpb} |
   |-|-|

   {#create-risk-framework__choicetable_tsm_t3y_qpb}

## Result

The new risk framework is created.
* **[Create a risk statement in the Risk Workspace](https://servicenow-prod.fluidtopics.net/qjDMBQ_eD3uGIQ0ag2EPpA)**   
  Create risk statements to group risks into manageable categories.

*[\>]: and then